Lexeo Therapeutics, Inc. LXEO

Healthcare SIC 2836 - Biological Products, (No Diagnostic Substances) Nasdaq

We are a clinical stage genetic medicine company dedicated to reshaping heart health by applying pioneering science to fundamentally change how cardiovascular diseases are treated. We are advancing a portfolio of therapeutic candidates that take aim at the underlying genetic causes of conditions, including Friedreich ataxia, or FA, cardiomyopathy, plakophilin-2, or PKP2, arrhythmogenic cardiomyopathy, and other devastating diseases with high unmet need.

Our most advanced cardiovascular product candidate, LX2006 for the treatment of FA cardiomyopathy, is currently being evaluated in SUNRISE-FA, our ongoing Phase 1/2 clinical trial and in a Cornell investigator-initiated trial. In October 2025, we reported positive interim clinical data demonstrating an encouraging safety profile and evidence of meaningful cardiac and functional benefit. Further, interim clinical data presented in a late-breaker presentation at the American College of Cardiology (ACC) Annual Meeting in March 2026 continue to show sustained or deepening improvements across both cardiac and neurologic measures of FA. In February 2026, we submitted the final registrational trial design and statistical analysis plan for the SUNRISE-FA 2 study to the U.S. Food and Drug Administration (FDA) following a Type B meeting. We expect to receive final feedback from the FDA in the second quarter of 2026 and plan to initiate a registrational study in the first half of 2026.

Last close 4.89 2026-09-04
Market cap $401.2M 2026-06-30 share count
52-week range 3.99 - 10.99

Valuation FY2025 figures against the last close

P/S
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-1.86

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
Revenue $654.0K
R&D $63.8M$74.1M$53.1M$49.2M
SG&A $45.5M$31.7M$15.4M$12.0M
Total operating expenses $109.3M$105.8M$68.5M$61.2M
Operating income -$109.3M-$105.8M-$68.5M-$60.5M
Interest expense $95.0K$137.0K$205.0K$91.0K
Pre-tax income -$99.7M-$98.4M-$66.4M-$59.3M
Income tax $0$0
Net income -$100.0M-$98.3M-$66.4M-$59.3M
EPS, basic -1.86-3.09-12.40-36.36
EPS, diluted -1.86-3.09-12.40-36.36
Shares, diluted (wtd. avg.) $53.6M$31.8M$5.4M$1.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
Cash and equivalents $63.0M$35.0M$124.7M$80.6M$135.9M
Short-term investments $118.8M$86.5M
Total current assets $188.4M$126.1M$124.3M$80.0M
Property, plant and equipment $1.1M$1.0M$1.1M$998.0K
Total assets $268.7M$146.9M$139.8M$97.1M
Accounts payable $4.9M$6.4M$3.8M$2.7M
Total current liabilities $16.8M$22.8M$17.2M$14.3M
Total liabilities $22.0M$30.1M$26.3M$25.0M
Retained earnings -$380.1M-$280.2M-$181.8M-$115.4M
Total equity $246.7M$116.8M$113.5M-$113.0M-$55.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021
Operating cash flow -$98.6M-$81.2M-$59.5M-$54.6M
Stock-based compensation $12.1M$12.5M$3.0M$1.8M
Capital expenditure $397.0K$481.0K$115.0K$672.0K
Investing cash flow -$90.3M-$94.1M-$165.0K-$901.0K
Financing cash flow $216.8M$88.8M$103.8M$189.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-132085.

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